Pioneer Power Solutions (NASDAQ:PPSI) Upgraded at StockNews.com

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) from a sell rating to a hold rating in a research note released on Monday morning.

Separately, HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Pioneer Power Solutions in a report on Wednesday, April 16th.

Pioneer Power Solutions Price Performance

Shares of NASDAQ PPSI opened at $2.55 on Monday. Pioneer Power Solutions has a 1-year low of $2.25 and a 1-year high of $7.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69. The business’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $3.93. The firm has a market capitalization of $28.36 million, a PE ratio of -3.75 and a beta of 0.95.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its earnings results on Thursday, May 15th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.11). Pioneer Power Solutions had a negative return on equity of 45.67% and a negative net margin of 20.91%. The company had revenue of $6.74 million during the quarter, compared to analyst estimates of $6.70 million. On average, research analysts expect that Pioneer Power Solutions will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Occudo Quantitative Strategies LP bought a new position in Pioneer Power Solutions during the fourth quarter valued at about $64,000. Legacy Advisors LLC bought a new position in Pioneer Power Solutions during the first quarter valued at about $51,000. Northern Trust Corp boosted its stake in Pioneer Power Solutions by 64.3% during the fourth quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock valued at $173,000 after buying an additional 16,392 shares in the last quarter. Two Sigma Securities LLC bought a new position in Pioneer Power Solutions during the fourth quarter valued at about $78,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Pioneer Power Solutions in the 4th quarter valued at $102,000. 10.92% of the stock is owned by institutional investors and hedge funds.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.